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Integrator

 
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ADP, AMZN, BP, CSCO, KO, MA, MSFT, T, V
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  • My Dividend Portfolio: Evaluating AT&T [View article]
    Mandolin,
    Thanks for your feedback. Well, I know where I am today and where I want to get to. I have a plan based on reinvestment plus new capital and dividend increases to propel me there. Is it possible that I won't hit my goal in exactly 5 years? Sure. But I will work toward it nevertheless.
    Dec 10 07:38 AM | 3 Likes Like |Link to Comment
  • My Dividend Portfolio: Evaluating AT&T [View article]
    Agreed. Canadian market entry could be attractive, although admittedly a smaller market. Margins and profitability are still fairly attractive for Candian telco (ie Telus).
    Dec 9 06:08 PM | 1 Like Like |Link to Comment
  • My Dividend Portfolio: Evaluating AT&T [View article]
    Sid gold, The portfolio balance is closer to $700k, which is a current yield of about 3.8%. I haven't been using options to this point. Could be something I consider down the track.
    Dec 9 05:22 PM | 1 Like Like |Link to Comment
  • My Dividend Portfolio: Evaluating AT&T [View article]
    Erics,

    That's a nice set of dividend paying stocks you have there. I'm looking for good entry points into GIS, KMB, PG. There are a few on your list I already own. T is an absolutely good core holding to have in the portfolio in my view. it spins off a bunch of dividends that can be used to reinvest in stocks with faster dividend growth. I view my holding of BP in a similar manner, though dividend growth is probably a little better in it's case.
    Dec 9 04:24 PM | 1 Like Like |Link to Comment
  • My Dividend Portfolio: Evaluating AT&T [View article]
    preakness, a 1c share increase is still pretty weak. You're talking about 2%, or enough to meander along with inflation. You're not really getting the effects of dividend growth and stock appreciation at these levels, but what you are getting is a steady inflation protected dividend stream.

    Knowing that, my personal number is 6.5%+, however there's absolutely nothing wrong with a steady 5%+ inflation protected dividend stream (at current stock levels) that should comfortably continue through the medium term.
    Dec 9 03:18 PM | Likes Like |Link to Comment
  • My Dividend Portfolio: Evaluating AT&T [View article]
    Thanks BeachChicken, appreciate the feedback.
    Dec 9 03:14 PM | Likes Like |Link to Comment
  • My Dividend Portfolio: Evaluating AT&T [View article]
    maybenot,

    I don't think T is a "bad" buy at these levels, I'm just not sure it's a "great" buy. In my view, it's likely fairly valued at present levels. Given the anemic dividend growth, I want the certainty of much higher yield up front to make the investment case that much stronger. The 5%+ yield attracted me to the stock, the industry fundamentals (US at least) are still fairly attractive in my view. I'd like a little more upfront yield. I don't think T will get to the levels where I purchased Telstra (10% yield), but I think 6.5% would get me pretty interested.

    There would be alot that I could do from a reinvestment perspective with yield at those levels.
    Dec 9 03:14 PM | Likes Like |Link to Comment
  • My Dividend Portfolio: Evaluating AT&T [View article]
    Thanks Ray, appreciate the feedback. I think it's distinctly possible that AT&T and Voda will combine. T have made no secret of their plans to expand globally. There's not much with sufficient global scale to really move the needle or draw their interest apart from Voda.

    Would it make them more compelling as an investment? I struggle with that one. In general, post merger integration is a major pain, and the synergies that you originally expect rarely materialize, on plan or to budget. If you look at Voda's international markets, VZW was the grown jewel. European operations are characterized by slow growth, limited sub loyalty and are very prepaid oriented.

    The US teleco's stand out like a sore thumb, probably with their canadian counterparts in terms of their rudeness of good health. It's very hard to find 50%+ gross margins for many global telco's. A voda deal is a sure fire way to get margin dilution in a hurry. Voda itself is a very underwhelming 30% gross margin.

    I'd be steering clear of T is they hopped into bed with Voda.
    Dec 9 03:01 PM | Likes Like |Link to Comment
  • Dividend Growth Strategies For Younger Investors - Part 2 [View article]
    Hi Stockinvestor,

    I hold core holdings in the Australian banks (Westpac, Commonwealth Bank, National and ANZ since 2009-10). The reason I like these banks is they share characteristics with Canadian banking system. Fairly entrenched, concentrated and good returns on capital. I also hold Telstra, the dominant Telco. Again, I picked this up during a crisis when it was yielding close to 10%, it now yields only 4.5%. I would wait for a better entry point, before buying, all have risen sharply since in the last couple of years.
    Dec 7 11:57 AM | Likes Like |Link to Comment
  • Market Tops, Froth And What I'm Watching Now [View article]
    I think there could be some good long term potential for the patient investor with Cisco
    Dec 7 11:50 AM | Likes Like |Link to Comment
  • My Dividend Portfolio: Adding BP [View article]
    Thanks deercreek, I'm looking forward to continued dividend growth and stock appreciation over the coming years
    Dec 2 10:22 PM | Likes Like |Link to Comment
  • My Dividend Portfolio: Adding BP [View article]
    Thanks for the clarification Pentane, my mistake on the overestimation.
    Dec 2 10:21 PM | Likes Like |Link to Comment
  • My Dividend Portfolio: Adding BP [View article]
    The valuation comps provide excellent upside once the distraction of the lawsuit can be overcome
    Dec 2 10:20 PM | Likes Like |Link to Comment
  • My Dividend Portfolio: Adding BP [View article]
    Thanks Horseman, appreciate the feedback.
    Dec 2 10:19 PM | Likes Like |Link to Comment
  • My Dividend Portfolio: Adding BP [View article]
    The deal with Rosneft does provide access to some compelling assets and political influence. The magnitude of the spill clearly was far worse than Exxon, I think timing of settlement of obligations in that instance could be something to bear in mind as far a when the ultimate liability should be fully discharged
    Dec 2 10:18 PM | Likes Like |Link to Comment
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